Social Mobile, a provider of enterprise mobility solutions, secured a $35 million senior credit facility from Citi. The funding will provide Social Mobile with the necessary capital to continue its growth trajectory, develop new products and services, continue expansion into overseas markets, and make acquisitions in the enterprise mobility space.
“Social Mobile has never received outside capital to grow its business until now. This credit facility from Citi is a significant milestone for our company,” Benjamin Yogel, CFO of Social Mobile, said. “It will allow us to accelerate our growth plans and put us in a position to enter the M&A space that will further strengthen our market position.”
